Are you weary of your same old, 9 to 5 job? Tired of being the unfortunate victim of your boss’ bad mood? Is the monotonous, poorly-paying job killing you from inside?
Welcome to the land of the Forex Market where there is no boundary or deadline. You will not have to listen to the constant droning of your whimsical boss ever again. With trading in the Forex Market, you can be the boss of your own fate.
In this chapter, I am going to pen-down the upsides of becoming a successful and competent Forex Trader and how it can literally change your life!
As I had mentioned before, traders of the Forex Market do not have to keep themselves free at odd hours of the day to trade. The Forex Market is open 24 hours a day for 5 days a week.
This gives the traders ample leg room to fit their trading activities into the busy schedule according to their convenience. This benefit of the flexibility of working hours is sorely lacking in regular jobs.
This way, even if you hold a full-time job, you can participate in Forex trading in your free time. This also provides the opportunity of earning some extra cash to students who can fit trading activities somewhere in their study timetable.
In short, the Forex Market will always be there for you, at your service, whenever you need it.
No One to Boss Your Around
How many time has it been that you signed up a job for the learning opportunities that it had to offer and when you finally showed up, all you had to do was bring your old boss hot cups of coffee? Skimmed milk, no sugar.
You can bid goodbye forever to your boring dead-end job that takes the life out of you without any compensation.
No need to wake up at the break of dawn and lug yourself to work like an overworked zombie and drone through the rest of the day while your boss keeps barking in your face.
If you are trading in the Forex Market, you can be your own boss and do the work at your convenience. You do not need to submit daily reports or be accountable to anyone.
However, working on your own comes with its own set of challenges. You need to be responsible and take every step with great caution since there would be no one to blame except yourself in case of a mistake.
Trading in the Forex Market is quite similar to running your own business. You need to keep a tight rein on your emotions and have a well-thought plan in motion.
Rather than jumping into the Forex Market with all guns blazing, it is wise to keep it as a part-time profession until you get a hang of the rules.
An Additional Source of Income
The prices of commodities have risen exponentially in the last few decades and everyone is looking for ways to earn some extra bit of cash to sustain their lifestyle. Forex Market is an excellent source to make quick money on the side without hampering your everyday job.
Although it is good to dream big, keep your feet firm on the ground. You cannot expect to become a maestro of Forex Trading overnight.
Many people endorse Forex as a quick way to get rich where you can become a millionaire within a matter of days. While it is true that trading in Forex can give you enviable returns, the process does not happen overnight. It is essential to have a factual outlook and have the appropriate expectations from the Forex Market.
There is a learning curve when it comes to becoming a successful Forex trader. You need to work on your skills as a trader, have a firm control of your emotions and learn the technicalities of the trade.
Not everyone is cut out to become a competent Forex trader who can efficiently overcome any hurdle that the trading profession throws in his way.
Forex trading provides the golden opportunity to its traders to incorporate the trading activities into their busy schedule. I prefer the end of day strategies that enable the traders to keep their full-time job and still be able to engage in Forex trading.
Becoming a Forex trader is akin to opening your own business. In fact, you should treat it exactly the same way you would have treated your business venture.
When you think of starting your own venture, there are a number of initial investments that you need to take into account. From lease payments and advertising to insurance, wages, and stocks, the list runs long.
These overheads expenses take away a major chunk from your profits. However, this problem is virtually nonexistent when it comes to Forex trading. All you need to start trading is a computer with a good internet connection and you are ready to go.
Any money that you make from the Forex Market goes into your own bank account unless you decide to use all your profits again in trading.
No Geographical Boundaries
One of the best things about the Forex Market is that you do not have to be at a specific place at a certain time to trade. You can engage in Forex trading from virtually anywhere in the world, provided you have a good internet connection and a computer or any other similar devices.
The advent of the internet has revolutionized the trading process. Technology has become a lot cheaper and more affordable. Everyone has access to their personal smartphone and with the help of apps, you can access the market at point of time from anywhere in the world.
Imagine this, you can literally make money while taking a trip to the Bahamas with your family on your laptop or on your smartphone while having a lovely conversation with your friend in a bistro.
You do not have to spend a specific quota of your time on the Forex Market to get good returns from it. In fact, you can enjoy as long a break as you want without having anyone barking orders beside your ears. You are in full control of your trades and are not accountable to anyone else except yourself.
However, it is not as easy as it sounds. There are plenty of Forex Stories gone wrong that detail the experiences of plenty of amateurs to could not find success in the Forex Trading market.
The Opportunity to Make Money Even When The Markets Are Crashing
Every once in a while, the economy of a country takes a nosedive. The unemployment rate goes sky high, big businesses start shutting down and people all around start suffering the consequences of such economic downfall.
Companies adopt tactical strategies to save up labor cost by exporting their production line in offshore places. This further speeds up the unemployment rate.
Such incidents cause the charts to plummet rapidly at a pace almost three times more than their climbing rate.
A lot of investors and companies are hit hard by such a crashing market, where they end up losing quite a lot of their investment money.
However, the Forex market has got you covered! It is during these times when you’ll feel blessed to be a Forex trader. You can easily reap the benefits of such a chaotic market and make some quick money.
Most amateur traders do not know how to take advantage of a chaotic market. You can get good returns from the market during the times when the currency is “selling short” that is, losing its value. Poor economic conditions produce a bearish trend in the market.
A rapidly descending chart curve can open up golden opportunities for the traders to make sizeable returns from the market. This is how an experienced and competent Forex trader can fend for himself and maintain his lifestyle even when the economy is in ruins.
It is an enormous task to enlist the vast variety of benefits that the Forex Market provides.
Owing to the mammoth size of the Foreign Exchange Market, its raving popularity, and huge liquidity, the price movements are fairly simple to predict. Taking the help of Bank Manipulation Trading techniques, you can start seeing a repetitive pattern in the market which makes it easier to track the price movements. You can utilize the repetitive patterns in the market and incorporate them in your prediction to benefit from the Forex market.
Reap the Benefits of Forex Trading
In the Bank Manipulation Trading course, I can guide you on how to recognize the repetitive patterns from just plain price charts and wherewith you can use them to your benefit.
You do not need gimmicky indicators or any other complex tool to succeed. Using the Bank manipulation Trading strategy, I can show you how to get the maximum reward from the market with low risk besides other money management techniques.
With this, we have come to an end of the present chapter on the advantages of the Forex market. By now, you must be on your two feet, ready to try your luck in the Forex Market and start earning the big bucks.
But, hold your horses! Before you start your venture into the arena of the Forex Market, let me tell you about the different kinds of Forex Markets you can trade in and which one will be the most suited to you.